Adobe will try to defend its $20 billion deal with Figma at a hearing in the European Union. They are scheduled to take place on December 8. They are scheduled to take place on December 8. This is reported by Reuters with reference to informed sources.
As you know, Adobe has received an official antitrust complaint from EU regulators regarding the possible acquisition of Figma. As part of the investigation, the European Commission issued a preliminary opinion expressing concern about the merger of the two players. According to European officials, the deal could harm competition.
Then it became known that Adobe and Figma may respond to the objections and offer concessions that would answer the questions of the EC. Another option is a hearing, after which the Commission will decide whether the agreement violates antitrust laws.
According to the sources, the hearings scheduled for early December will allow the companies to present their arguments to high-ranking officials of the European Commission and lawyers at the antitrust authorities.
They may also be attended by competitors and interested third parties. During the hearings, Adobe is expected to offer remedies to address regulatory concerns.
By the way, the UK’s Competition and Markets Authority (CMA) is also concerned about a potential deal between Adobe and Figma. The regulator believes that the possible acquisition could harm innovation in the software used by the vast majority of British digital designers.